Obsidian, the FinTech company optimizing operations for fund managers, announced that is has secured $500 thousand seed funding round.
Obsidian’s team designed and built a new type of solution for the asset management community that tackles the need for personalized data modelling and client communications head on. With a proprietary plugin framework Obsidian’s flagship product, FundBinder, allows fund managers to securely automate post-trade data management, investor relations, while providing them with a strong bedrock on which to install new bespoke features that streamline operations at a fraction of cost to what was previously possible.
Obsidian was selected as a top 10 global FinTech company by the Startupbootcamp London in 2015, with the potential to capitalise on the growing need for automated solutions for operations in asset management.
“We are excited to have the support of a great mix of experienced institutional and private investors in London who understand the forward momentum of FinTech and its growth potential in the asset management space,” said Lazar Radenovic, co-founder of Obsidian. “The funding will allow us to continue expanding our product offering to meet the ever changing needs of our industry.”
The asset management space is constantly evolving with new regulations and cost pressures forcing fund managers to do a lot more with a lot less. Obsidian alleviates the stress by providing an intuitive platform where fund managers can internally optimize their operations and stay ahead of the game with full data accessibility in any language and on any device with no apps to download.